Triveni Engineering & Industries Ltd reported a consolidated net profit of Rs 167.4 crore for the quarter ended March 31, 2026, compared with Rs187.1 crore in the same period last year. Revenue for the quarter stood at Rs 1,833.7 crore, against Rs 1,925.3 crore a year earlier.

For the full financial year 2025-26, revenue from operations rose 11.9% to Rs 7,620.9 crore from Rs 6,807.9 crore in FY25. Net profit for the year increased 12.8% to Rs 268.7 crore, compared with Rs 238.3 crore in the previous financial year.

The company said its results include the financial impact of the amalgamation of Sir Shadi Lal Enterprises Ltd, effective April 1, 2025. The figures have been restated to reflect the acquisition date of June 20, 2024.

Triveni Engineering said the National Company Law Tribunal-approved Composite Scheme of Arrangement became effective on May 19, 2026, completing the merger and demerger process. Under the scheme, Sir Shadi Lal Enterprises has been amalgamated with Triveni, while the Power Transmission Business will be demerged into Triveni Power Transmission Ltd with effect from April 1, 2026.

The accounting impact of the demerger will be reflected in FY27. FY26 will be the last year in which the Power Transmission Business forms part of Triveni Engineering’s consolidated results. The business, which operates in the gears and defence segments, will be pursued independently under Triveni Power Transmission Ltd from FY27.

NEW YORK — Seagate Technology Holdings plc (NASDAQ: STX), a leading provider of data storage solutions, has seen its shares climb sharply in 2026 amid surging demand for high-capacity hard disk drives fueled by artificial intelligence infrastructure needs. Trading near $880 in late May, the stock carries a consensus Moderate Buy to Strong Buy rating from analysts, though elevated valuations prompt questions about whether to buy or sell ahead of further AI-driven growth.

The Fremont, California-based company reported strong fiscal third-quarter 2026 results in late April, with revenue reaching $3.11 billion, up 44% year-over-year and beating estimates. Non-GAAP earnings per share hit $4.10, exceeding forecasts, while gross margins expanded to record levels around 47%. CEO Dave Mosley highlighted robust cloud customer demand for the tenth consecutive quarter.

For the fiscal fourth quarter, Seagate guided revenue to $3.45 billion, plus or minus $100 million, and non-GAAP EPS of $5.00, plus or minus $0.20, signaling continued momentum. Management raised its long-term annual revenue growth target to a minimum of 20% over the next several years, citing structural shifts from AI.

Analyst coverage remains predominantly bullish. Across 20-25 firms, the consensus stands at Moderate Buy or Strong Buy, with roughly 20 Buy ratings, a handful of Holds and minimal Sells. Average 12-month price targets range from approximately $746 to $834, implying potential downside from current levels for some models, though high targets reach $1,140 and optimistic calls hit $1,000 or more.

Recent adjustments include Barclays raising its target to $1,000, BofA to $900, and Evercore ISI to $1,000, reflecting confidence in sustained hyperscaler spending. Rosenblatt set a $1,000 target post-earnings, while others maintain Buy ratings citing margin expansion and product leadership.

Seagate’s positioning benefits from the AI data explosion. Hard disk drives remain critical for cost-effective mass storage in data centers, where AI training and inference generate unprecedented volumes of data. The company’s Mozaic platform with Heat-Assisted Magnetic Recording (HAMR) technology enables higher capacities, such as 40TB+ drives, supporting cloud providers’ needs.

Exabyte shipments reached 199 in the March quarter, up 39% year-over-year. Management noted strong visibility from customer agreements and expects sequential growth and margin gains into fiscal 2027.

For investors leaning buy, the thesis centers on a multi-year AI storage supercycle. Seagate’s near-monopoly in high-capacity HDDs for enterprise, combined with improving margins and free cash flow nearing $1 billion per quarter, supports potential re-rating. Some models project fiscal 2026 revenue around $10-11 billion with continued EPS growth.

Valuation has expanded significantly from prior years, with shares up over 600% from 2025 lows. Forward multiples sit above historical averages, raising concerns for bears about execution risks or potential slowdown in AI capex. Competition from solid-state drives could pressure the HDD market longer-term, though cost advantages favor disks for bulk storage.

Financial health appears solid. The company has generated strong cash flow, enabling debt management and returns to shareholders. Recent note exchanges adjusted capital structure without major dilution concerns. However, cyclical exposure to tech spending remains inherent.

Broader industry trends reinforce the opportunity. Hyperscalers continue building out AI clusters, requiring vast storage layers. Seagate’s innovations in energy-assisted recording position it to capture share as capacities scale. CEO Mosley emphasized that agentic AI will further accelerate data creation and retention needs.

Risks include supply chain constraints for advanced components, potential moderation in AI investment if economic conditions shift, and high customer concentration. Insider selling has occurred at elevated prices, though often tied to compensation plans.

Portfolio considerations suggest Seagate fits growth-oriented technology or thematic AI allocations. Position sizing should reflect volatility, as the stock has experienced sharp swings despite the uptrend. Near-term catalysts include fiscal fourth-quarter results in late July and updates on Mozaic 4+ ramp.

Longer-term projections vary. Optimistic scenarios tied to 20%+ annual growth and margin targets see substantial upside if AI adoption accelerates. Conservative views factor in potential saturation or technology transitions, tempering expectations. Discounted cash flow models have at times suggested undervaluation relative to growth.

In the current environment, Seagate exemplifies how legacy hardware players can thrive in the AI era by addressing foundational infrastructure needs. While not immune to broader market corrections or sector-specific headwinds, its execution on financial metrics and roadmap has sustained analyst enthusiasm.

Investors evaluating a position should weigh their horizon and risk appetite. Those convinced of prolonged AI data center buildouts may see current levels as reasonable entry despite the run-up, particularly on pullbacks. Others may monitor for clearer signals on margin sustainability or competitive dynamics before committing.

As with technology hardware stocks, thorough analysis of quarterly trends and industry developments is advised. Seagate’s performance will depend on maintaining leadership in high-capacity storage amid rapid evolution in data center architectures. The ongoing AI investment cycle is expected to provide further clarity on the company’s ability to deliver sustained shareholder value through 2026 and beyond.

LONDON — British royal officials are considering plans to reverse extensive renovations made to Frogmore Cottage, the former Windsor home of Prince Harry and Meghan Markle, three years after the couple vacated the property at the request of King Charles III. The potential changes could restore elements of the Grade II-listed building to its pre-Sussex configuration, including possibly subdividing it back into separate units.

The property, gifted to the couple by Queen Elizabeth II in 2018, underwent a reported £2.4 million ($3 million) refurbishment before they moved in. The work included structural updates, new utilities and personalized features such as a yoga studio. Harry and Meghan later repaid the costs from their own funds after stepping back as working royals in 2020.

According to reports, the cottage has stood largely empty since the couple’s eviction in 2023. Assessments are now underway to determine future uses, with one option being to undo some of the couple’s modifications to make the residence more suitable for other royal staff or to return it closer to its original layout as two semi-detached homes. No construction work has begun, and Buckingham Palace has declined to comment.

The news, first reported by The Sun on May 27, has renewed public interest in the property’s role within the royal estate. Frogmore Cottage sits on the grounds of Windsor Castle, part of the Crown Estate. Any future renovation costs would likely fall under the Sovereign Grant, funded by taxpayers.

The original renovation drew significant scrutiny at the time due to its expense. Updates reportedly encompassed new heating, wiring, plumbing and interior customizations to transform the historic structure into a family home for the then-newlywed couple and their son Archie. The couple moved in shortly before Archie’s birth in 2019.

Since departing the U.K. for California, Harry and Meghan have maintained a strained relationship with senior royals. The 2023 request for them to vacate Frogmore came amid ongoing tensions, including the publication of Harry’s memoir “Spare.” The property has remained unoccupied, prompting discussions about its efficient use within the royal portfolio.

Royal property management often balances historic preservation with practical needs for staff housing. Sources familiar with the planning process indicated that experts are evaluating the feasibility and cost of reverting modifications. Subdividing the cottage could allow it to accommodate multiple households, potentially increasing its utility on the estate.

The Grade II listing imposes restrictions on alterations to protect the building’s architectural heritage. Any reversal would require careful planning to comply with preservation standards while addressing modern functionality. Insiders described the process as complex and potentially expensive, though exact figures for new work remain undisclosed.

Public reaction has been mixed. Some view the potential changes as a pragmatic step to repurpose a vacant royal asset, closing a chapter associated with the Sussexes’ time as working royals. Others criticize it as wasteful spending on already-renovated property, especially given broader cost-of-living pressures. The story has fueled ongoing tabloid coverage of royal family dynamics.

Harry and Meghan have built new lives in Montecito, California, where they reside with their two children. Their Archewell Foundation continues philanthropic efforts, and the couple has pursued media projects, including Netflix documentaries and Harry’s published writings. They have made occasional visits to the U.K. but maintain a reduced official role.

The Frogmore situation reflects broader adjustments within the royal household under King Charles. The monarch has sought to streamline operations and address multiple vacant or underutilized properties across estates. Similar discussions have involved other residences, including those linked to Prince Andrew.

Property experts note that royal homes often undergo cycles of renovation as occupants change. Frogmore Cottage’s history dates back over two centuries, originally serving as a retreat associated with Queen Charlotte. Its evolution from staff housing to a consolidated family home and potentially back illustrates shifting royal needs.

Buckingham Palace’s longstanding policy of not commenting on private family matters or internal property decisions leaves many details unconfirmed. The Crown Estate manages such assets separately but coordinates with royal needs. Any public expenditure on reversals could face questions in future Sovereign Grant reports.

For now, the cottage stands as a symbol of a transitional period in royal history. The couple’s brief occupancy marked a modern chapter that ended amid high-profile departures and public debates over royal funding and relevance. Whether full reversal proceeds depends on ongoing assessments balancing cost, heritage and utility.

Observers suggest the move, if implemented, would represent another step in reconfiguring royal living arrangements. With no immediate occupants identified, officials appear focused on long-term practicality. The saga continues to captivate audiences interested in the intersection of monarchy, property and family relations.

As evaluations continue, the future of Frogmore Cottage remains fluid. It joins a list of royal properties whose roles adapt with each generation. The potential undoing of the Sussex-era changes underscores how even personal homes within the institution can reflect larger institutional priorities.

The developments arrive as the royal family navigates public scrutiny and operational efficiency. King Charles has emphasized sustainability and modernization in estate management. Any decision on Frogmore will likely prioritize functionality for current royal needs over past associations.

In the meantime, the story serves as a reminder of the complexities surrounding royal residences. From initial taxpayer-funded upgrades to repayment and now potential reversal, Frogmore Cottage’s journey highlights the financial and symbolic weight attached to such properties. Further updates may emerge as assessments conclude.

With the 2026 FIFA World Cup just weeks away, the world’s top national teams are finalizing preparations for the largest tournament in history. Hosted across the United States, Canada and Mexico from June 11 to July 19, the 48-team event promises high drama as favorites like Spain and France lead a competitive field chasing the ultimate prize.

Betting markets and expert analyses consistently place Spain as narrow favorites, followed closely by France, with a cluster of European and South American powerhouses rounding out the top contenders. The expanded format adds unpredictability, but pedigree, form and squad depth point to a familiar group of elites.

Here is an analysis of the top 10 teams most likely to contend for the title, based on current FIFA rankings, recent performances, betting odds and projections as of late May 2026.

1. Spain (+450 to +475)

Spain enters as the team to beat after winning Euro 2024 in commanding fashion. Luis de la Fuente’s side boasts a dynamic young core led by Lamine Yamal, Pedri and Rodri. Their possession-based style, combined with tactical flexibility, makes them formidable.

Yamal, despite a recent hamstring injury that could sideline him for Spain’s opener, remains a key threat and is expected to feature. Spain’s midfield control and depth give them an edge in a grueling schedule. Projections show them with the highest expected goals and tournament win probability around 20-26%.

2. France (+480 to +500)

The reigning FIFA No. 1 side features unmatched attacking talent with Kylian Mbappe leading the line. France’s squad depth across all positions remains elite, even after a Euro 2024 semifinal exit. Their blend of speed, power and technical quality positions them as perennial contenders.

Experts note France may possess the most raw talent in the tournament. Coach Didier Deschamps has experience guiding them to a final in 2022, and they are seen as the biggest threat to Spain.

3. England (+600 to +650)

England’s “Golden Generation” continues to mature, with Jude Bellingham, Phil Foden and Harry Kane forming a potent core. Reaching the Euro 2024 final showed progress, though finishing remains a question mark. Their physicality and set-piece prowess suit knockout football.

Gareth Southgate or his successor will rely on squad harmony in what could be a breakthrough year for the Three Lions.

4. Argentina (+800 to +900)

The defending champions arrive with Lionel Messi, now 38, seeking a record sixth World Cup appearance and a potential back-to-back title — a feat not achieved since Brazil in 1962. Messi was included in the squad announced this week.

Argentina topped CONMEBOL qualifying comfortably. While age catches up to some veterans, their experience and winning mentality under Lionel Scaloni make them dangerous. No team has successfully defended the title in the modern era, adding pressure.

5. Brazil (+750 to +800)

Despite a dip in recent form, Brazil’s historical pedigree and young talent pool keep them in the conversation. The five-time champions feature emerging stars alongside established names. Their athleticism and flair remain hallmarks.

Critics point to this as potentially the least talented Brazil squad in decades, yet their ceiling in a single-elimination setting is high.

6. Portugal (+900 to +950)

Cristiano Ronaldo’s pursuit of a first World Cup title drives Portugal. At 41, Ronaldo’s role may be more limited, but a supporting cast including Bruno Fernandes provides creativity. Portugal reached the Euro 2024 quarterfinals and possesses strong depth.

7. Germany (+1,000 to +1,300)

Hosts of Euro 2024 showed signs of revival. Julian Nagelsmann’s side blends youth and experience, with strong home support potentially boosting them if they advance deep. Defensive improvements have been noted.

8. Netherlands (+1,400 to +1,700)

The Dutch bring tactical discipline and individual quality, led by players like Virgil van Dijk. Consistent quarterfinal appearances in recent majors underscore their reliability as contenders.

9. Belgium (+2,200 to +2,500)

Kevin De Bruyne remains the heartbeat of a transitioning Belgian side. While the “golden generation” has aged, Belgium retains enough quality to cause upsets and reach the latter stages.

10. Morocco (+7,500 to +10,000)

The 2022 semifinalists represent Africa’s best hope. Their organized defense and counterattacking threat, combined with passion, make them a dangerous outsider in the expanded field.

Other notable mentions include the United States as co-hosts (+6,000 to +6,500), seeking a deep run on home soil, Colombia, Uruguay and emerging sides like Norway.

The tournament’s structure, with more teams advancing from groups, favors depth and recovery from early setbacks. Injuries remain a factor, particularly for star players like Yamal.

Coaches emphasize preparation amid a packed calendar. “We need to give him the time he needs,” Spain’s de la Fuente said regarding Yamal’s recovery.

FIFA rankings as of April 2026 place France first, followed by Spain, Argentina and England, aligning closely with betting odds and projections.

The group stage draw has created several intriguing matchups, though specific groups add layers of complexity for favorites. Home advantage for the U.S., Mexico and Canada could play a role, but European sides have dominated recent odds.

Ultimately, the 2026 World Cup represents a clash of styles and generations. Spain’s current momentum as European champions gives them a slight edge, but France’s talent pool and Argentina’s champion pedigree ensure nothing is certain.

As the tournament approaches, focus intensifies on squad fitness, tactical innovations and the ability to perform under pressure in North America’s diverse venues. One thing is guaranteed: global audiences will witness football at its highest level.

NEW YORK — Lumentum Holdings Inc. (NASDAQ: LITE), a key supplier of optical components powering artificial intelligence data centers, has captured investor attention in 2026 as its stock trades near $855 following strong quarterly results driven by hyperscale demand. With analysts maintaining a consensus Moderate Buy to Buy rating and significant price target upside, the question of whether to buy or sell the shares centers on continued AI infrastructure spending versus valuation risks in a competitive photonics market.

The San Jose, California-based company reported robust fiscal third quarter 2026 results on May 5, with net revenue reaching $808.4 million, up substantially from the prior year. GAAP net income stood at $144.2 million, or $1.50 per diluted share, while non-GAAP net income hit $225.7 million, or $2.37 per share. Gross margins improved to 44.2% on a GAAP basis and 47.9% on a non-GAAP basis.

This performance reflects Lumentum’s strong positioning in optical transceivers, lasers and switching solutions essential for AI training clusters. Revenue has accelerated for multiple consecutive quarters, fueled by 200G and higher-speed products for next-generation data centers.

Analyst sentiment remains largely positive. Across roughly 20 Wall Street firms, the consensus is Moderate Buy, with 13-14 Buy or Strong Buy ratings and a handful of Holds. Average 12-month price targets range from approximately $1,012 to $1,127, implying 18-32% upside from recent trading levels around $855. High targets reach $1,400, while lows sit near $600 to $900.

Recent updates include Barclays raising its target to $1,000 while maintaining Equal Weight, JPMorgan lifting to $1,130 with an Overweight rating, and Rosenblatt holding a Buy at $1,300. Stifel and others have also expressed confidence in the AI-driven growth story.

Lumentum has benefited from the AI supercycle. Its products, including 1.6T DR4 OSFP transceiver prototypes and 1060nm VCSEL platforms for optical interconnects, address bandwidth, power and scaling challenges in AI infrastructure. Demonstrations at OFC 2026 highlighted advancements in scale-up, scale-out and scale-across architectures.

The company is expanding manufacturing capacity, including a new U.S. facility for advanced lasers targeted at the world’s largest AI data centers. This move aims to meet surging demand from hyperscalers and reduce potential supply constraints.

Management has expressed optimism. In earnings commentary, executives noted record revenues and leverage in the business model, with expectations for continued growth into fiscal 2027. Optical Circuit Switch (OCS) business exceeded targets ahead of schedule.

For bulls, the case rests on Lumentum’s technological leadership in high-speed optics. The shift to AI workloads has created a multi-year tailwind, with analysts projecting sustained revenue expansion as data center buildouts continue. Diversification beyond traditional telecom into industrial lasers and 3D sensing provides additional stability.

Valuation remains a key consideration. Shares have risen dramatically over the past year, reflecting AI enthusiasm, but forward multiples are elevated compared to historical norms. Some models suggest the stock trades at a discount to intrinsic value based on projected cash flows from AI optics growth.

Bear cases highlight execution risks, customer concentration among a few large hyperscalers, and potential cyclicality if AI spending moderates. Competition in the photonics space from peers could pressure margins. Short-term technical signals have shown mixed readings, with some near-term caution flagged by moving averages.

Financially, Lumentum has demonstrated improving profitability and cash generation. Sequential revenue growth from fiscal Q1 through Q3 2026 underscores momentum, with non-GAAP operating margins expanding significantly. The balance sheet supports ongoing investments in R&D and capacity.

Broader industry trends support a constructive outlook. Hyperscalers’ push toward higher-bandwidth interconnects for AI training and inference favors suppliers like Lumentum with proven high-volume manufacturing expertise. Inclusion in major indices has also attracted passive inflows.

Portfolio managers note that LITE fits within growth-oriented technology allocations, particularly those focused on AI infrastructure. Position sizing should account for volatility typical in semiconductor-adjacent names. Near-term catalysts include fiscal fourth quarter results and updates on new product ramps.

Risks include macroeconomic slowdowns affecting tech capex, supply chain disruptions for critical materials like indium phosphide, and geopolitical factors influencing global trade. Regulatory scrutiny on AI energy consumption could indirectly impact deployment timelines.

Longer-term forecasts vary by source. Optimistic projections see continued compounding from AI tailwinds, potentially driving revenues toward multi-billion-dollar annual run rates. More conservative views temper expectations around market saturation or technology shifts.

In the current environment, Lumentum exemplifies the intersection of photonics innovation and artificial intelligence demand. While not without risks inherent to high-growth tech stocks, the company’s execution on financial targets and product roadmap has bolstered confidence among most covering analysts.

Investors considering a position should evaluate their time horizon and risk tolerance. Those bullish on sustained AI infrastructure investment may view current levels as an opportunity, particularly following any pullbacks. Others may opt to wait for clearer signals on margin sustainability or broader market conditions.

As with any equity, particularly in the dynamic semiconductor and optics sector, thorough due diligence is essential. Lumentum’s trajectory will likely hinge on its ability to maintain leadership in next-generation optical solutions amid intense competition and rapid technological evolution. The coming quarters of data center deployment cycles will provide further clarity on whether the AI optics boom translates into lasting shareholder value.

Oil is extending its decline and stocks are back in record territory after new comments from President Trump gave investors more hope about a possible peace deal with Iran.

In a Truth Social post Friday morning, Trump wrote that he “will be meeting now, in the Situation Room, to make a final determination” about a peace deal with Iran.

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Global fashion brand Zara’s India profit declined 31.9 per cent to Rs 204.14 crore in FY26 and its revenue from operations slipped 1.1 per cent to Rs 2,749.28 crore, according to the latest annual report of Trent Ltd.

Zara stores in India reported a Rs 299.84 crore profit and Rs 2,782.06 crore revenue from operations in FY25, Inditex Trent Retail India Private Ltd (ITRIPL), which operates the Zara brand in India, said.

Its total income was Rs 2,767.75 crore for the financial year ended March 31, compared to Rs 2,839.50 crore a year ago.

ITRIPL is a JV between Spain’s Inditex, which owns luxury fashion brand Zara, and Tata Group’s retail arm Trent Ltd.

Zara, which competes with foreign brands like H&M and UNIQLO in India, currently operates 22 stores in the country.

In FY26, Trent reduced its stake in ITRIPL in a buyback offer by ITRIPL.
“During the year under review, the company participated in the buyback offer made by ITRIPL and tendered 94,900 equity shares. Pursuant to the acceptance of the said offer, the company’s shareholding in ITRIPL stands at 20 per cent,” it said.Inditex group has another JV association with Trent, which operates Massimo Dutti stores in India. Massimo Dutti India Pvt Ltd (MDIPL) operates three stores in India.

Its revenue increased 27.97 per cent to Rs 128.45 crore in FY25 compared to Rs 100.37 crore in FY24.

The net profit rose 13.86 per cent to Rs 11.66 crore for the financial year ended March 2026.

Like ITRIPL, Tata group retail firm Trent has a 20 per cent stake in MDIPL.

ITRIPL and MDIPL source merchandise only from the Inditex Group, one of the world’s largest fashion retail groups, headquartered in Arteixo, Galicia, Spain, whose portfolio consists of several well-known brands, such as Zara, Massimo Dutti, Pull&Bear, Bershka, and Stradivarius, a women’s fashion brand.

Moreover, the choice of product and related specifications is Inditex’s discretion. Further, the entities are dependent on the Inditex group for permissions to use the said brands in India, subject to its terms and specifications, according to the latest annual report of Trent.